Jamaica’s Central Bank to Airdrop $16 Central Bank Digital Currency Jam-Dex to Early Adopters

Jamaica Prime Minister Andrew Holness has announced on March 11 that the country’s central bank will airdrop Jam-Dex, a central bank digital currency worth $16, to early adopters in an effort to promote widespread adoption.

With about 17% of the Jamaican population currently unbanked, for poorer Jamaicans, using a central bank digital currency could help many, according to the data.

The crypto community has previously questioned the name Jamaica’s central bank digital currency, Jam-Dex, because Dex, which in crypto terms usually refers to a decentralized exchange, a place where cryptocurrencies are bought and sold, may be confusing to many in the industry. .